YOUR COMPANY IS LOOKING FOR CANADIAN BUSINESS FINANCING!
BUSINESS LOAN SOLUTIONS FOR YOUR COMPANY
You've arrived at the right address! Welcome to 7 Park Avenue Financial
Financing & Cash flow are the biggest issues facing business today
ARE YOU UNAWARE OR DISSATISFIED WITH YOUR CURRENT BUSINESS FINANCING OPTIONS?
CALL NOW - DIRECT LINE - 416 319 5769 - Let's talk or arrange a meeting to discuss your needs
EMAIL - sprokop@7parkavenuefinancial.com
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Oakville, Ontario
L6J 7J8
Business financing in Canada. When it comes to business loans and access to ' Biz' capital do you as a Canadian business owner or financial manager have what it takes? And, a better question, feeling somewhat alone? Turns out you're not that alone! Let's dig in.
We were listening to the radio the other day and heard the old song by the DAVE CLARK FIVE called ' You've Got What It Takes ‘. It starts out at 100 miles per hour and doesn't give up. That got us to thinking about whether our clients feel they ' have what it takes' when it comes to business finance.
SME COMPANIES IN CANADA NEED EXTRA HELP - BIG COMPANIES HAVE A LOT OF HELP
Safe to say that financial skills are just one of the prerequisites of the business owner/manager in the SME sector in Canada. Larger public and private corporations have accountants, Canadian business financing advisors, consultants, etc. coming out their ears. They need less help we would say than your firm when it comes to selling your products and services and accessing appropriate business finance solutions.
62% OF COMPANIES IN CANADA HAVE FINANCING CHALLENGES ?!
And are you alone in wondering whether it’s just your firm that is experiencing financial challenges? Recently we participated in a CEO SUMMIT via BDC Canada (www.bdc.ca). Canadian business owners in the SME sector indicated that 62% of them found access to financing a combination of either being very difficult or somewhat difficult. 1% of all businesses surveyed indicated that capital was easy to access. We haven’t met that man or lady yet, yet but we're hoping he will call and share his or her secrets.
Other revealing tidbits in the survey - the amount of capital and rates charged were top of mind for the business owner/financial manager. They also indicated they were very open to having an independent financial partner provide recommendations and advice based on their own experience or offerings.
THE DEBT OR EQUITY CHALLENGE
What turned business off was when they were forced to address issues of loss of equity control and dilution. We've preached that all along - simply getting the right amount and type of debt, whether it is a specific loan amount or asset monetization for cash flow and working capital.
ALTERNATIVE FINANCING SOLUTIONS IN CANADA
Are you the bottom half or the top half of small businesses in Canada? By that, we mean that the survey indicated that almost 50% of Canadian business respondents considered themselves in growth mode.
We love growth financing, and constantly recommend to clients solutions such as follows:
A/R Financing
Inventory Loans
Access to Canadian bank credit / Government small business loans
Non-bank asset-based lines of credit
SR&ED Tax credit financing
Equipment / fixed asset financing
Cash flow loans
Royalty finance solutions
Purchase Order Financing
Short Term Working Capital Loans/ Merchant Advance - These loans come at a higher interest rate but are easily accessible for short term funding crunches
Securitization
CONCLUSION
Financial intelligence in your business can be easy or complex. Fundamentally you want to be able to use information in your firm to make Good financing decisions around resources, assets, growth, etc. You've probably already got a toolbox of information available, just use it.
And if you don’t feel you're cleared for take off for small business financing seek out and speak to a trusted, credible and experienced Canadian business financing advisor with a solid track record in assisting firms such as yours with growth and operational financing.
Click here for the business finance track record of 7 Park Avenue Financial
Stan Prokop
7 Park Avenue Financial/Copyright/2020/Rights Reserved
